A Houston Business Lawyer Can Save Your Business Money
Businesses of every size can experience concrete benefits from the help of a business attorney. The right attorney can help prevent litigation whenever possible, which can protect your bottom line, because litigation can be costly. Consider the following statistics:
- Small-business owners typically spend $3,000 to $150,000 annually in fees for litigation, according to the Small Business Association. Many of these businesses struggle to recover from the litigation costs, and many owners make major adjustments to operations in order to recover the costs.
- 36 major corporations in the SBA study spent an average of about $113 million per year on litigation costs. This adds up to $4.1 billion dollars in legal costs and liability that might have been preventable with the right legal representation.
Legal disputes can significantly hurt smaller businesses, especially if owners did not set up their companies to limit their own personal liability. A business lawyer can help you limit liability from the very start by forming the appropriate business entity for your situation. Our firm can also counsel you to make sure you do not expose yourself to unnecessary liability during the course of business. Overall, the services of the right lawyer can cut costs substantially in the long run. Our firm can assist with legal protections, ongoing guidance, and efficient dispute resolution. Without the right legal advice, you may suddenly find your company facing a costly dispute, and your business may be in jeopardy.